LIMRA: Secure Retirement Institute: Record Number of U.S. Single-Premium Pension Buy-Out Contracts Sold in 2019
February 29, 2020
February 29, 2020
WINDSOR, Connecticut, Feb. 29 -- LIMRA issued the following news release:
A record-breaking 501 U.S. single-premium pension buy-out contracts were sold in 2019, totaling $28 billion, according to the Secure Retirement Institute(R) (SRITM) U.S. Group Annuity Risk Transfer Sales Survey.
The number of contracts sold in 2019 increased 2%, compared with 2018 results. Total 2019 sales were 5% higher than prior year and represent the highest annual buy-out sales total recorded . . .
A record-breaking 501 U.S. single-premium pension buy-out contracts were sold in 2019, totaling $28 billion, according to the Secure Retirement Institute(R) (SRITM) U.S. Group Annuity Risk Transfer Sales Survey.
The number of contracts sold in 2019 increased 2%, compared with 2018 results. Total 2019 sales were 5% higher than prior year and represent the highest annual buy-out sales total recorded . . .